Wednesday, 27 June 2012
Seller's Market or Buyer's Market?
Do you know what kind of real estate market it is? Does it matter?
It really depends on the home for sell and the seller.
Market conditions do matter and with low inventory, buyers need different strategies to work during the home buying process.
What helps to make your offer look better?
First, is get pre-approved for a mortgage. That means all your docs have been turned in and vetted by a bank or mortgage broker. You are ready to close. Get a pre approved letter to submit with offer.
Second, is always put in a back up offer if you're in a multiple offer situation.
Why? Behind the scenes deals are falling apart during the option period for various reasons. If you submit a back up your offer will become a contract as soon as the first contract is terminated. Believe me, it happens more than you think!